Georgian Bay Biomed plans to open the doors on its medical cannabis facility by October. Company President Tim Boosamra said things are progressing as planned for the site, and the company was waiting for nicer weather to start construction.
“We had a slight delay just because we had a very minor design change,” said Boosamra. ”Construction should be starting within the next couple of weeks.”
The building permit for a 120,000 square-foot medical cannabis facility is ready to go, but the town is waiting on approximately $1 million in charges and fees before it can be issued. The site of the Georgian Bay Biomed facility has been prepared for a building, but has remained in that state for most of the winter.
“Our building services department has shared that we are awaiting the payment of town, county, and education development charges and building fees,” said Adam Ferguson, communications officer for the Town of Collingwood.
Georgian Bay Biomed has a development charge deferral agreement with the town, allowing the company to pay 50 per cent of the town-wide development charges – in the amount of $367,584.06 – as late as May 31, 2023.
“We have not paid for the structural permit because we didn’t need it yet,” said Boosamra. “We’re not withholding payment, obviously, we’re waiting until we needed it.” He said Biomed plans on paying the $1 mil bill soon to obtain the permit. He expects the building will be up on the Mountain Road site in the next three or four months and open by October. He said the site will be fully licensed next year.
“I want to make sure the Town of Collingwood knows we’re progressing, and we’re certainly financed well to move forward,” he said. The Georgian Bay Biomed site will produce medical-grade marijuana, and the website for the company advertises the use of automation and patented technology to produce a consistent product.
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